Michael Johnson: CDC is a 'risk too far' and with-profits better

James Phillips
clock • 2 min read

Collective defined contribution (CDC) schemes risk creating "irreversible intergenerational injustice" and could undermine pension freedoms, Michael Johnson says.

There is a possibility that current and future employees could end up overpaying for the benefits of current pensioners, and the lack of "individual property rights" places the mooted scheme type "...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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